Card Range To Study

36 Cards in this Set

Front

Back

Delphi method:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

f) surveys of expert opinion where experts review each other's ideas.

For forecasting technological change, ________ forcasting techniques are most useful

True or False
Simulation models are specifically designed to be used for problems that are simple in nature

False

The main function of PERT and CPM is to:
a) develop an optimum cost efficiency schedule
b) determine and control the time required to complete a project
c) save time through the initial scheduling of tasks
d) provide a graphic relationship of task relationships

b) determine and control the time required to complete a project

In MS, the decision-making process usually relies on

mathematical models

Critical Path:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

a) the longest route through the network in terms of time

Replacement problems are best solved with the help of __________ models

linear

Select the best response
The value of the mathematical model in the management science approach is its ability to:
a) isolate the central parts of the problem
b) separate controllable and uncontrollable variables
c) project past or present trends onto the future
d) symbolically incorporate the elements of the problem

d) symbolically incorporate the elements of the problem

PERT and CPM are 2 examples of ________________

network analysis techniques

Select the best response:
Qualitative forecasting methods are use to forcast technological change because:
a) the consequences of technological change can not be predicted by mathematical methods
b) it can be assumed that the pattern of a past technological change will continue into the future
c) qualitative methods are becoming just as reliable as quantitative methods
d) qualitative techniques are generally free of bias

a) the consequences of technological change can not be predicted by mathematical methods

True or False
The cost of an action suggested by MS should be justified by increased savings or revenues

Management science techniques were originally developed to deal with ___________________________________________________________

strategic and tactical problems during ww2

Select every item which you believe to be a criterion for selecting a forecasting method:
a)systems orientation
b) cost
c) routing problems
d) analysis of the model
e) preparation for initial difficulties

b) cost

True or False
the normative model developed in MS portrays things as they are

False

In the development of a network, the critical path is the:
a) task chain with the shortest time allocation
b) sum of all the task chains in sequence
c) "expected" time estimate based on probability analysis
d) longest route through the network in terms of time

d) longest route through the network in terms of time

True or False
A manager's advice must be obtained at carefully chosen points in the MS process

True

A milestone:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

c) indicates a selected completion date for an event on a bar chart

True or False
The most important use of forecasts is as premises for planning

True or False
The critical pathe is the shortest route through a network.

False

select the item(s) in the following list that is an element of the most beneficial MS programs:
a) manager participation
b) diagnosis of the problem
c) team approach
d) rapid data collection
e) accurate record keeping

The first step in management science project is __________________________

diagnosis of a problem

Receptive individual
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

Scenario construction:
a) the longest route through the network in terms of time
b) reaches conclusions by examining evidence carefully and objectively
c) indicates a selected completion date for an event on a bar chart
d) builds a logical, hypothetical description of events
e) predicts how rational people behave in competetive situations
f) surveys of expert opinion where experts review each other's ideas.

d) builds a logical, hypothetical description of events

True or False
The term management science (MS) and operations research (OR) are, in general used interchangeably in the US.

True

True or False
receptive individuals are not swayed by preconceptions; they reach conclusions by examining evidence carefully and objectively

True

Important dates along the course of a project are called_______

milestones

A technique in which informed groups focus on a problem and generate ideas quickly is called

Delphi technique

Select those items that are a characteristic of management Science:
a) model building
b) game theory
c) economic effectiveness
d) reliance on a computer
e) inventory problems

c) economic effectiveness
d) reliance on a computer

Gantt charts are useful for planning and controlling a series of __________

unrelated problems

True or False
The most recent approach to project management was developed by Gantt